Nebraska Tax Collections on Pace with Projections

Posted 12 months ago

By Scott Carlson

State Tax Commissioner Doug Ewald

State Tax Commissioner Doug Ewald

(AP) — A new report says Nebraska’s tax collections are roughly on pace with estimates for the current fiscal year.

The tax commissioner’s office announced Tuesday that the state has received about $573 million since the new fiscal year began on July 1. That’s less than 1 percent above the certified forecast of $569 million.

Tax Commissioner Doug Ewald says net receipts for the month of August totaled $341 million, which is less than the forecast of $344 million.

The comparisons are based on an April forecast made by the Nebraska Economic Forecasting Advisory Board. The board’s projections were adjusted for new laws that passed in 2013 and divided into monthly estimates.